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Trainline downgraded to Neutral from Overweight at JPMorgan

Trainline downgraded to Neutral from Overweight at JPMorgan

JPMorgan downgraded Trainline (TNLIF) to Neutral from Overweight with a price target of 400 GBp, down from 500 GBp. The firm views the “reignited uncertainty” on UK rail regulation as a material overhang on the shares.

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